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Dirty Money: What the Underworld Understands that Economists Do Not

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Author Info
Raymond Baker (Brookings Institution)
Jennifer Nordin (Center for International Policy)
Abstract

Economists have overlooked and misunderstood the impact of illegal financial flows -- "dirty money" -- on the global economy, according to Raymond Baker and Jennifer Nordin. Estimated at $1 trillion annually, dirty money renders economic analysis inaccurate and undermines development in poor countries.

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File URL: http://www.bepress.com/cgi/viewcontent.cgi?article=1205&context=ev
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Publisher Info
Article provided by Berkeley Electronic Press in its journal The Economists' Voice.

Volume (Year): 4 (2007)
Issue (Month): 1 ()
Pages: 4
Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Handle: RePEc:bep:evoice:4:2007:1:4

Note: oai:bepress:ev-1205
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Web page: http://www.bepress.com

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Related research
Keywords: dirty money illegal financial flows illegal capital flight

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This page was last updated on 2008-8-4.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.